ConocoPhillips says it will cut workforce by 20-25%, shares fall
The ConocoPhillips Headquarters on June 14, 2024 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images U.S. oil and gas producer ConocoPhillips will cut 20-25% of its workforce as part of a broad restructuring, a company spokesperson said on Wednesday, after five sources told Reuters that CEO Ryan Lance detailed the plans in a…